Xperi (NYSE:XPER) Downgraded by Zacks Research to Strong Sell

Xperi (NYSE:XPER) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Xperi in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Xperi Stock Up 3.7%

NYSE XPER opened at $6.37 on Tuesday. Xperi has a fifty-two week low of $5.07 and a fifty-two week high of $8.50. The business has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $6.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market capitalization of $299.20 million, a PE ratio of -5.18 and a beta of 1.24.

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.